Wal-Mart Stores (WMT) : Bank Of The Ozarks scooped up 281 additional shares in Wal-Mart Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 24,658 shares of Wal-Mart Stores which is valued at $1,821,980.Wal-Mart Stores makes up approximately 0.66% of Bank Of The Ozarks’s portfolio.
Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in WMT by selling 295,381 shares or 97.81% in the most recent quarter. The Hedge Fund company now holds 6,600 shares of WMT which is valued at $487,674. Wal-Mart Stores makes up approx 0.01% of Riverhead Capital Management’s portfolio.Investment Counselors Of Maryland reduced its stake in WMT by selling 425 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 23,308 shares of WMT which is valued at $1,720,130. Wal-Mart Stores makes up approx 0.09% of Investment Counselors Of Maryland’s portfolio.First Trust Advisors Lp reduced its stake in WMT by selling 49,141 shares or 6.61% in the most recent quarter. The Hedge Fund company now holds 694,020 shares of WMT which is valued at $51,190,915. Wal-Mart Stores makes up approx 0.16% of First Trust Advisors Lp’s portfolio.Dean Investment Associates reduced its stake in WMT by selling 738 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 51,690 shares of WMT which is valued at $3,770,269. Wal-Mart Stores makes up approx 0.72% of Dean Investment Associates’s portfolio.
Wal-Mart Stores opened for trading at $71.14 and hit $71.66 on the upside on Monday, eventually ending the session at $71.4, with a gain of 0.37% or 0.26 points. The heightened volatility saw the trading volume jump to 74,68,105 shares. Company has a market cap of $222,529 M.
On the company’s financial health, Wal-Mart Stores reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $1.02. The company had revenue of $119405.00 million for the quarter, compared to analysts expectations of $119327.18 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Wal-Mart Stores. Company shares were Reiterated by Telsey Advisory Group on Aug 19, 2016 to “Market Perform”, Firm has raised the Price Target to $ 78 from a previous price target of $71 .Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to “Underperform”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .Wal-Mart Stores was Downgraded by Northcoast to ” Neutral” on Jul 12, 2016.
Wal-Mart Stores Inc. is engaged in the operation of retail wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S. Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States Washington D.C. and Puerto Rico with three primary store formats as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail wholesale and other. The Sam’s Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico as well as digital retail.